NEW YORK CITY – In a transaction that brings Himmel & Meringoff Properties’ 6 East 32nd Street, a 173,000-square-foot boutique office building in Manhattan’s NoMad submarket to 100% occupancy, Boyar Asset Management has just signed a 5,200-square-foot, 4-year lease to take space on a portion of the 7th floor in 11-story property.
Boyar, which was formerly located at 35 E. 21st Street, provides investment advisory services for portfolio management.
“Situated between Fifth and Madison Avenues, 6 East 32nd Street is convenient to all the major transportation hubs into the City, namely Penn Station, Grand Central Terminal, the Port Authority and PATH commuter rail,” said Leslie Himmel who added that the building’s loft-style spaces hardwood floors, high exposed ceilings and abundant natural light have become a magnet for tenants desiring a Midtown South, NoMad neighborhood.” Asking rent in the building was $50 per square foot.
Among other tenants in the building are BMG USA, City Harvest, Lot 18 and Operative Media.
Joshua R. Berger of Norman Bobrow & Co., Inc. Real Estate Services acted on behalf of Boyar Asset Management in the transaction, while Mark S. Stein, Senior Vice President & Director of Leasing and Jason Vacker, Vice President for Meringoff Properties, represented the landlord in-house.
About Himmel + Meringoff
New York City-based Himmel + Meringoff Properties’ operate one of the largest privately owned portfolios in Manhattan. The company’s long-term investment strategy is based on successfully identifying and evaluating well-located but under-performing properties, and structuring complex transactions that are often highly customized to meet the disposition objectives of the property’s owners. H + M’s approach to acquisitions includes joint ventures, net leases with options to buy, partial sale-leasebacks, tax-free exchanges and all cash fee purchases.